Come and see a potential-level golden dog conan (ending in BQt), which is also the only dogecoin linked to the Trump concept. It has been honored as a hero dog and is called the strongest on the surface, with an active community and strong consensus, insisting on doing charity for stray dogs, which is rare.

“The bill has passed, a watershed moment for the crypto world! The 'wild growth' of stablecoins is over, and the compliance wave is officially crashing ashore!”

Big players tremble, small fries exit: This bill is setting the rules for stablecoins! Giants like USDT and USDC (market cap over $10 billion) will have to comply with strict supervision from Uncle Sam (OCC/Fed) and be monitored every day. Small players? The compliance costs are too high; those who can't afford it will likely pack up and leave. 'Good students' like USDC will be smiling, while USDT has to make a choice: either fully comply or say goodbye to the U.S. market, which accounts for 65% of global share. It feels like a major reshuffling in the industry is coming, a bit brutal but also an inevitable path.

Transparent wallets, less anxiety for investors: No more reckless behavior! Issuers must 100% back their stablecoins with real cash (cash, short-term U.S. Treasuries). The old trick of using risky assets as collateral won’t work anymore! They also need to publish their accounts monthly to show everyone where the money is. It feels like the risk of a crash has decreased, and holding USDT/USDC should feel a bit more secure at night?
Meta and Google, don’t even think about it? DeFi faces immense pressure: The bill directly pours cold water on tech giants like Facebook and Google—want to issue stablecoins yourself? No way! It's about protecting traditional banks. Even worse for DeFi, they might also have to help verify user identities and combat money laundering; smart contracts could be sued if not modified! It feels like the giants' monopoly is being constrained, but the free days of DeFi are also in jeopardy, which feels a bit frustrating.

Dollar hegemony, digital expansion: The Americans are clever! They are mandating that stablecoins must be pegged to U.S. dollar assets (buy U.S. Treasuries!). This move extends dollar hegemony into the digital world, countering the digital yuan, and Tether is now buying more U.S. Treasuries than Germany! It feels like a national-level game; we small investors are just watching, but the dollar's position is becoming more stable.

The Senate is about to vote for a final time! If this bill is truly enacted, it will definitely be a super event in the crypto world! How will the market move? Which coins can take off? Which should be cautious of pitfalls? Follow us for the most straightforward and practical interpretations as soon as possible! Let’s keep a close eye on this wave of policy!